Psu Banks
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Sensex soars 594.91 points, Nifty rallies 181.15 points in bullish market surge
Business | November 06, 2023 16:34 ISTThis upward momentum in both indices reflects a positive sentiment in the stock market, potentially driven by favorable economic indicators and investor confidence.
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Govt unlikely to announce capital infusion for PSU banks in Union Budget 2022
Business | December 12, 2021 11:40 ISTFinance Minister Nirmala Sitharaman is expected to present the fourth budget of the Modi 2.0 government on February 1.
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Govt unlikely to continue with zero-coupon bond route to recap PSU banks
Business | March 28, 2021 12:02 ISTThe first test case of the new mechanism was a capital infusion of Rs 5,500 crore into Punjab and Sind Bank by issuing zero-coupon bonds of six different maturities last year.
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Nifty reclaims 10,000 mark, PSU banks gain substantially
News | June 03, 2020 21:40 ISTEquity parameters erased most of the intraday gains on Wednesday due to profit booking but ended in the positive territory as investors focused on the prospect that economies are re-opening across the world from COVID-19 pandemic.
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PSU banks disburse record Rs 2.5 lakh crore loans in October
Business | November 21, 2019 20:00 ISTState-owned banks disbursed a record Rs 2,52,589 crore of loans during the month. As much as Rs 1,05,599 crore was given towards new term loans while Rs 46,800 crore was disbursed as new working capital loans, the Department of Financial Services said in a statement.
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Finance Minister to meet CEOs of PSU banks on Monday
Business | October 13, 2019 11:51 ISTThe meeting is expected to review fund flow to stressed NBFC and MSME (micro, small and medium enterprises) sectors, sources said.
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Bank employees stage protest against Centre's decision to merge PSU banks
Business | August 31, 2019 14:59 ISTEmployees of all public and private sector banks wore black badges to work as a mark of protest to the government's decision.
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‘If economy is strong, why go for bank recapitalisation?’: Chidambaram targets Modi govt
Business | October 28, 2017 20:29 ISTReferring to Rs 2.11 lakh crore recapitalisation of ailing PSU banks, Chidambaram asked “why was the process of bank recapitalisation needed if the govt believes the economy is strong”.
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PSU bank recapitalisation lifts Sensex above 33,000 points mark
Business | October 28, 2017 19:16 ISTOther factors like prospects of additional liquidity, healthy buying in bluechip stocks, along with hopes of better quarterly results aided in the key indices upward trajectory.
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PSU banks threaten to go on strike on Tuesday, services may be hit
August 20, 2017 13:23 ISTServices at public sector banks may take a hit on Tuesday as all unions under the aegis of UFBU have threatened to go on strike.
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Arun Jaitley to review performance of public sector banks on June 12
June 10, 2017 13:02 ISTJaitley will meet heads of public sector banks and financial institutions on June 12 to discuss issues related to rising bad loans, interest rate reduction and credit flow to various sectors.
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Stock options, bigger incentives and more: How govt banks hope to retain star performers
February 15, 2017 16:11 ISTThe government is actively considering a proposal by the Banks Board Bureau to incentivise employees of state-run banks through stock options.
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Four PSU banks handling Jandhan account deposits, says Arun Jaitley
September 16, 2016 16:16 ISTFinance Minister Arun Jaitley today stated that four PSU banks are working towards keeping the number of zero-balance accounts low. The banks are "investigating from their branches" whether money in some Jandhan accounts was deposited
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Panel on PSU banks' consolidation on anvil: Arun Jaitley
March 05, 2016 22:01 ISTGurgaon: An expert panel will be set up shortly to devise a strategy for consolidation of public sector banks as India needs stronger lenders rather than a "numerically large number" of them, Finance Minister Arun
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Have initiated reforms to improve banking sector: PM Modi
October 19, 2015 20:23 ISTNew Delhi: Prime Minister Narendra Modi today said the government has initiated a series of banking reforms including re-capitalisation of PSU banks, change in rules for hiring top management and paper-less transactions to curb the
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Jaitley to soon meet PSU bankers on NPA, stake sale issues
May 19, 2015 12:44 ISTNew Delhi: Finance Minister Arun Jaitley will meet PSU bankers to discuss stake sale plans and the problem of rising bad loans which have crossed a staggering Rs 2.5 lakh crore.“Banks are coming to meet
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Frauds worth Rs 11,022 crore detected in PSU banks during April-December
March 22, 2015 21:53 ISTNew Delhi: PSU banks have reported over 2,100 fraud cases involving a sum of Rs 11,022 crore in the first nine months of the ongoing fiscal, with PNB reporting the maximum number of such instances.An
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Expect PSU banks to cut interest rates: Arun Jaitley
March 22, 2015 14:48 ISTNew Delhi: With most PSU banks remaining reluctant to pass on the benefit of monetary policy easing by RBI, Finance Minister Arun Jaitley today said he expects the lenders to cut interest rates soon."We do
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Top 30 defaulters' NPAs amount to Rs 95,122 crore in PSU banks
March 17, 2015 20:11 ISTNew Delhi: The top 30 defaulters are sitting on bad loans of Rs 95,122 crore, which is more than one-third of the entire non-performing assets of public sector banks as on December 2014."As per data
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Govt asks PSU banks increase lending to minorities
March 12, 2015 18:51 ISTThe Union government has advised PSU banks to step up lending to minorities with a view to ensuring that they get loans in proportion to their population.The decision to increase lending to the minorities was
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